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Today in the markets

The latest news and events driving markets around the world, supplied by Marketwatch and Reuters.

Please remember that the ideas and conclusions in this section do not necessarily reflect the views of Fidelity’s portfolio managers or analysts. They are for general interest only and should not be taken as investment advice or as an invitation to purchase or sell any specific security.

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More latest news

World wine output falls to 60-year low

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GM Korea averts bankruptcy but how long will it stay?

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BP has 'very strong' partnership with Rosneft - CEO

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Volkswagen CEO says China tax hike on U.S. vehicle imports would sting

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VW sales momentum positive in all regions, says CEO

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UK

FTSE 100 looks for 6th win as oil shares rise

MarketWatch - Last Update:

U.K. stocks rose on Tuesday, as an advance in oil shares and persistent weakness in the pound helped push the blue- chips market toward a sixth consecutive advance. The FTSE 100 index rose 0.3% to 7,421.26, a move that puts the index on track to close above the 7,400 level for the first time since early February. Oil and gas and tech shares fared the best but the consumer services sector was among decliners.

Europe

European stocks hold at 2-month highs as energy names rally

MarketWatch - Last Update:

German Ifo business sentiment takes gloomy tinge; William Hill shares slide. European stocks traded around their strongest levels in more than two months Tuesday, led by gains for oil and gas shares, as investors continued to wade through a stream of corporate earnings reports. The Stoxx Europe 600 index picked up 0.2% to 384.02.

US

Yields pull back as U.S. 10-year government bond march to 3% stalls

MarketWatch - Last Update:

2- year yield rises to 2.48%. The yield on 10- year Treasury note retreated slightly early Tuesday as the benchmark government bond's ascent to a psychologically significant level at 3% sputtered, with traders awaiting fresh catalysts to move the bond market. The benchmark 10- year Treasury note yield edged off by 0.5 basis point to 2.968%, after flirting with an intraday high of 2.996% on Monday, representing its highest level since January 2014..

Asia

China stocks get a lift after government talks reforms

MarketWatch - Last Update:

Tech shares weigh in South Korea, Taiwan. Chinese stocks rebounded sharply Tuesday morning after weeks of underperformance, getting a lift from government pronouncements of deeper economic and market reforms, though tech stocks weighted on some indexes elsewhere. China's 25- member Politburo said after a meeting Monday that "the government will stick to a proactive fiscal policy and prudent and neutral monetary policy.

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